603 501 Pacific St, Vancouver, BC, MLS® R3044951

Welcome to 603 501 Pacific Street, a Vibrant Downtown Vancouver Gem

As we walk through the charming streets of Downtown Vancouver, I'm excited to introduce you to this stunning property, 603 501 Pacific Street, MLS® R3044951. This fantastic home is nestled in the heart of the city, surrounded by the best of Vancouver's amenities and attractions.

Schools:

Just a short 0.42 km from this magnificent property, you'll find Elsie Roy Elementary School, rated 6.1/10. Families love this area because of its excellent education system and proximity to top-rated schools like King George Secondary School, which is just 1.86 km away. If you're looking for an alternative education option, Anchor Point Montessori is a close 0.39 km away, offering a unique and engaging learning experience.

Safety and Crime Stats:

According to Statistics Canada's 2020 report, the crime rate in this neighborhood is Average (7,470.82 incidents per 100,000 population). Compared to other Canadian cities, this is a typical urban rate. The year-over-year change in crime rate is -14.94%, demonstrating a downward trend.

Breaking down the crime stats, we see that the drug crime rate is Average (229.49 incidents), with a year-over-year change of 1.58%. Property crimes are Above Average (5,020.27 incidents), with a -20.80% year-over-year change. Notably, the violent crime rate is Below Average (1,311.69 incidents), with a 3.53% year-over-year change.

Demographics:

This vibrant neighborhood is home to a diverse population, with 47% of residents holding a university certificate or degree, making it a High percentage compared to other BC neighborhoods. On the other hand, 4.8% of the population has no certificate or degree, which is Low compared to the average in BC.

The median household income is $55,936, which is Below Average compared to the British Columbia average. However, the median personal income is $40,817, which is Above Average. 72.8% of households in this census subdivision have a mortgage, making it a High percentage.

Transit and Commuting:

The closest bus station is Westbound Pacific St @ Richards St, just 0.07 km away from this property. You can easily access the SkyTrain or major highways, making commuting a breeze. The area is also pedestrian-friendly, with 41.7% of residents walking instead of driving.

Lifestyle Amenities:

This neighborhood is a haven for outdoor enthusiasts, with numerous parks, beaches, and trails within walking distance. You'll also find a variety of shopping malls, grocery stores, restaurants, and coffee shops nearby. For those who prioritize health, there are several hospitals and medical facilities in the area.

Real Estate Context:

The average dwelling value in this neighborhood is $705,201, which is High compared to other areas in British Columbia. Average owner payments are also High, with owners spending $1,746 per month on their dwellings. Tenants pay $1,369 per month, which is also High. 65.6% of the population in this area are renters, making it a High percentage compared to other BC cities and areas.

Language and Transportation:

The majority of residents in this neighborhood speak English (86% of English speakers only), and 12% speak both English and French. 1.8% of the population speaks neither English nor French, making it an Above Average percentage. When it comes to transportation, 26% of residents use public transport, 27.2% use cars, 3.2% use bicycles, and 41.7% walk.

Conclusion:

In conclusion, 603 501 Pacific Street, MLS® R3044951, is an exceptional property in the heart of Downtown Vancouver. This vibrant neighborhood offers a unique blend of amenities, education, and lifestyle opportunities. Whether you're a young professional, a family, or an individual looking for a vibrant community, this property is sure to impress.

Contact me today to schedule a viewing and make this incredible property yours.

Listing Information:

Listing MLS® R3044951 | 603 501 Pacific Street, Vancouver, BC V6Z 2X6, Vancouver, BC.